Benelux: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Benelux

In 2022, the Benelux vegetable tanning extracts market increased by 9.4% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, continues to indicate a mild decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Tanning Extracts Production in Benelux

In value terms, vegetable tanning extracts production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 103% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports in Benelux

In 2022, overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives decreased by -36.7% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2015 when exports increased by 530%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, vegetable tanning extracts exports declined to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 42%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium prevails in exports structure, amounting to X tons, which was approx. 94% of total exports in 2022. It was distantly followed by the Netherlands (X tons), creating a 6.1% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of tanning extracts of vegetable origin, tannins and their salts other derivatives. The Netherlands (-10.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +9.5 percentage points.

In value terms, Belgium ($X) remains the largest vegetable tanning extracts supplier in Benelux, comprising 98% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, surging by 35% against the previous year. Over the period under review, the export price recorded a slight increase. The growth pace was the most rapid in 2016 when the export price increased by 440% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%).

Vegetable Tanning Extracts Imports

Imports in Benelux

For the fifth consecutive year, Benelux recorded growth in overseas purchases of tanning extracts of vegetable origin, tannins and their salts other derivatives, which increased by 3.9% to X tons in 2022. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of 63%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, vegetable tanning extracts imports reached $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 38%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the largest importing country with an import of around X tons, which reached 71% of total imports. It was distantly followed by Belgium (X tons), making up a 29% share of total imports.

The Netherlands was also the fastest-growing in terms of the tanning extracts of vegetable origin, tannins and their salts other derivatives imports, with a CAGR of +22.9% from 2012 to 2022. Belgium (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +52 percentage points.

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of +16.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, reducing by -3.6% against the previous year. In general, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%).

Source: IndexBox Platform